CodeLab Capital secures NOK 15 million bridge loan to fund Mdco until completion

Oslo, 2 October 2026

Reference is made to CodeLab Capital AS's ("CodeLab" or the "Company") announcements of 17 September 2026 and 29 September 2026 regarding the acquisition of Mdco Group ("Mdco") and the binding share purchase agreement (the "SPA").

CodeLab has entered into a NOK 15 million bridge loan agreement (the "Loan") to fund Mdco's short-term liquidity needs in the period up to completion of the transaction. Mdco is approaching the seasonally weakest point of its cash cycle, and the Loan ensures that Mdco is fully funded until closing.

Securing committed funding at short notice was a critical element in securing the SPA for Mdco at a time when the transaction faced interest from other parties and reflects the confidence of the Company's largest stakeholders in the transaction. The Loan was conditional on (i) a signed SPA with shareholders representing more than 50% of the shares in Mdco, and (ii) satisfactory terms on Mdco's existing credit facilities, both of which have been satisfied.

The Loan is provided by an external lender (NOK 10 million) and a holding company controlled by CodeLab's CEO, Anton Lorenz Bondesen (NOK 5 million). The Loan is interest-free and has an initial term of four months, extendable by the lenders. The Company intends to repay the Loan with proceeds from the contemplated private placement previously announced.

The Loan carries an establishment fee of 15% of the Loan amount, to be settled in new CodeLab shares at the higher of NOK 8 per share and the 30-day volume-weighted average share price prior to settlement, corresponding to a maximum of 281,250 new shares. The fee has no cash effect for the Company and is priced significantly above the NOK 6 per share settlement price for the contemplated acquisitions.

The CEO's participation as lender constitutes a related party transaction. The Board of CodeLab has reviewed and approved the terms of the Loan, including the CEO's participation.

For more information, please contact: Anton Bondesen, CEO, alb@codelabcapital.com Christoffer Mathiesen, CFO, cm@codelabcapital.com

The information in this stock exchange announcement is considered inside information pursuant to the EU Market Abuse Regulation (MAR) and is published in accordance with Section 5-12 of the Norwegian Securities Trading Act.

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